Adjustable Rate Mortgage
Get a lower monthly payment today—and room to plan for tomorrow. Our ARM loans offer short-term savings and long-term options, all with the credit union care you trust.
Apply NowBenefits of an Argent 5/5 Adjustable Rate Mortgage
Low Initial Rate
Start out with a lower rate than a fixed rate mortgage, making your monthly payment lower as well.
Low Down Payment
As little as 5% down for purchases and refinances of primary residences.
Expert Advice
Our mortgage professionals will guide you through the process.
5/5 Adjustable Rate Mortgage Details
With Argent’s 5/5 Adjustable Rate Mortgage, your interest rate and monthly payments remain fixed for the first five years. After that, the rate adjusts every five years, but it will never increase or decrease by more than 2% at each adjustment.
You’ll benefit from added predictability, with just one potential rate change in the first ten years of the loan.
ARM Features
- 30-year term
- No private mortgage insurance (PMI) required
- Finance up to 95% when purchasing or refinancing a primary residence
- Finance up to 75% when purchasing or refinancing a rental property
- Minimum credit score of 720 required
5/5 Adjustable Rate Mortgage Rates
Simple and Secure Application Process!
Fill out our easy Online Application
Get your documents ready then enter your details into our user-friendly online portal.
Quick Review
A mortgage loan officer will let you know if you’re eligible for pre-approval by the next business day.
Look for a Home!
Once pre-approved, you can start making offers and we’ll guide you all the way through to closing.
Adjustable Rate Mortgage FAQ
What is an Adjustable Rate Mortgage (ARM)?
An ARM loan is a home loan with an interest rate that starts low and stays fixed for a set period, typically 5, 7, or 10 years. After this initial fixed-rate period ends, the interest rate and your monthly payments adjust periodically based on market conditions as reflected by an index rate.
What are the benefits of an ARM?
Are there limits to how much the rate can increase?
What happens if interest rates go down?
Can I refinance an ARM into a fixed-rate mortgage later?
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Mortgage Resources
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Argent Credit Union is an Equal Housing Lender registered with the National Mortgage Licensing System under registration number 421982.
1APR = Annual Percentage Rate. This interest rate is current as of 08/13/25.
*5/5 ARM & Medical Professionals Mortgage Payment Examples
Fixed 6.125% / 6.312% APR for the first five years. No Private Mortgage Insurance. Up to 80% LTV for purchases. Maximum loan amount is $1,000,000. After the five-year fixed-rate period, your interest rate is subject to change – up or down according to market rates at the time of reset and each five years thereafter. Offer applies to borrowers with a credit score of 780 or better depending on credit qualifications. All Credit Union loan programs, rates, terms, and conditions are subject to credit approval and may change at any time without notice. The payment on a 30-year, $200,000, 5-year Adjustable-Rate Loan at 6.125% / 6.312% APR and 80% loan-to-value (LTV) is $1,215.22. Rate is variable and can increase by no more than 2% every 5 years with a lifetime maximum adjustment of 6%. Since the index in the future is unknown, the First Adjustment Payment is based on the current index plus a margin (fully indexed rate) as of the date above. After 5 years, the maximum payment is $1,454.09. Property insurance and, if applicable, flood insurance is required. These payments do not include taxes and insurance premiums. The actual payments will be greater and rates provided are based on current market rates and are informational only. Payments are estimates and include only principal and interest. Some restrictions may apply. This rate is applicable for owner-occupied purchase of a single-family dwelling.
Your actual rate and APR are dependent upon your application and may vary based on factors such as your credit score, loan purpose, occupancy, property type, loan amount, and the value of your home. Interest rate and APR are subject to change without prior notice.
